Piper Jaffray Upgrades Ctrip.com International (CTRP) to Overweight; July Air Traffic Accelerates
More News related to CTRP
- Ctrip.com (CTRP) volatility decreases as shares rally on better than expected EPS and outlook
- Morning Movers 11/12: NLST, HPJ, COMS, AMD, CAAS Higher; TRMS, NWPX, ATRN, BRCD, CDTI, GMCR Lower
- After-Hours Movers 11/11: COMS, JMBA, GRRF, CTRP, UBET Higher; GMCR, PDC, BZ, ONTY, BRCD, TTEK Lower
- Ctrip.com (CTRP) Posts Q3 adj.-EPS of $0.44, Tops Views; Guides Q409 Revs
- Ctrip Reports Third Quarter 2009 Financial Results
More News related to Upgrades
- Analyst Sees Google (GOOG) Headed Higher
- RBC Lifts Price Target on Best Buy (BBY) to $49
- Broadpoint.AmTech Lowers Est and Price Target on Research In Motion (RIMM), But Sticks With Buy Rating
- Deere (DE) Shares Rising as Analysts Getting Bullish
- Soleil Calls Fertilizer Stocks 'Over-Valued', Recommends Taking Profits (POT, MOS, IPI)
Piper Jaffray & Co. upgrades Ctrip.com International (Nasdaq: CTRP) from Neutral to Overweight. Price target raised from $55 to $64.
Piper analyst says, "Confidence in CTRP is based on: Improving air traffic; comps remain favorable for next several months. PJC China travel pricing survey suggests hotel & air pricing flat to up q/q. Various sources of data clearly show improving China macro trends. 2010 Shanghai Expo will stimulate domestic travel from 5/10 to 10/10. CTRP is a play on the growth of Internet usage & ecommerce in China."
To see more analyst ratings on CTRP Click Here.
Ctrip.com International, Ltd., together with its subsidiaries, provides travel services for hotel accommodations, airline tickets, and packaged tours in the People's Republic of China.
Related Categories
UpgradesStocks Mentioned
+3.25Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
